The bill outlines the activities and expenditures from the Commonwealth Federal Match and Debt Reduction Fund, established under Chapter 29 of the Massachusetts General Laws. The Fund aims to enhance Massachusetts' competitiveness for federal funding and address infrastructure needs by providing up to $750 million in matching funds and technical assistance. As of December 2025, the Executive Office for Administration and Finance has committed over $172 million to economic development, $141 million to transportation, and $102 million to climate-focused projects, with an additional $74 million allocated to municipalities for various improvements.

Furthermore, the bill authorizes the use of the Fund for reducing the Commonwealth's indebtedness, including the defeasance of outstanding bonds. Approximately $200 million in debt has been paid off, which would have otherwise impacted the operating budgets of the MBTA and the Commonwealth. The report highlights the total debt defeasance amounting to $201,152,877.78, demonstrating the strategic financial management of the Fund to alleviate long-term liabilities and generate budgetary savings.